by Anthony | Aug 5, 2022 | 2022, Housing, Inflation, Inventory, NJ Real Estate News, Real Estate News
Overall, inflation is a factor hitting all sectors of the economy, real estate included. Less week CoreLogic reported that the average home price increased by over 18% year-over-year. It appears that this rate is slowing as the rate from May to June was only .6%,...
by Anthony | Jun 7, 2022 | 2022, Housing, Inventory, Real Estate News
● The median listing price grew by 18.2% over 2021 ● Mortgage rates have eased in recent weeks ● But mortgage rates are still over 5% ● In many New Jersey Markets, the price trajectory has eased ● Inventory shortages continue to constrain the number of home sales ●...
by Anthony | Jun 6, 2022 | 2022, Housing, Inflation, Inventory, NJ Real Estate News, Rentals
For the last two-and-a-half years the real estate market has been in such an accelerated trend that it was acting more like the stock market rather than the real estate market. In contrast with the inflated market that led to the 2008 crash of the stock and real...
by Anthony | May 13, 2022 | First-Time Buyers, Housing, How to's, Inventory, NJ Real Estate News, Real Estate News
One thing is for sure: there is no sure. Inventory shortages, higher mortgage rates, inflation, and a whole lot of uncertainty is impacting this market on a daily basis! Right now, there is a redirect of a certain percent of buyers due to the accelerated prices over...
by Anthony | Apr 22, 2022 | 2022, Inflation, Inventory
Inflation Now Impacting Housing Markets Some housing supply appears to be increasing but it does not seem to be having a measurable impact upon the price of homes nationwide. Cash sales have hit their highest level of all total sales, accounting for 28% of all...
by Anthony | Apr 11, 2022 | 2022, Existing Home Sales, Inventory, Inventory Shrinkage
CoreLogic reports 12 consecutive months of annual home price increases. The home price increases are only further complicated by the rising mortgage rates that have crossed the 5% line. Except for a few days in 2018, mortgage rates have been below the 5% benchmark...
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